Jabil Circuit finishes up Q1 2015

Jabil Circuit has finished up ts first quarter of fiscal year 2015. The company reported first quarter net revenue of USD 4.55 billion, a 5 percent increase from the first quarter of fiscal 2014.

"We had a very strong start to the fiscal year as our team exceeded expectations," said Mark T. Mondello, Chief Executive Officer. "Our results reflect strong demand within our Diversified Manufacturing Services segment as well as solid execution and performance across the entire business," he added.

Jabil's two reporting segments delivered the following revenue results for the company's first fiscal quarter:

Generally accepted accounting principles (GAAP) operating income for the first quarter was USD 144.8 million. Core operating income was USD 180.6 million.

"I'm encouraged by how we've positioned Jabil to capture transformative technologies that we see on the horizon. As a result, we will continue to expand in key areas through thoughtful investment across our business," Mondello said.